The U.S. onshore drilling fluids market is expected to reach USD 1.22
billion by 2025

Rising E&P to enhance productivity in conventional oil & gas fields
particularly in Marcellus, Eagleford, Bakken, and Permian basins in the
U.S. is expected to steer boringmud demand in the region, over the
forecast period.

OBF accounted over 27% of market in 2016 and is expected to lose share
to the WBF systems over the forecast period. Owing to its enhanced
lubricity, OBF are expected to sustain its significance over the
forecast period. OBF minimizes torque and drag of drill pipes, thereby
reducing corrosion of boring tools in deviated wellbore activities.

Bakken accounted for over 44% of the U.S. proven oil reserves and over
40% of the global proven natural gas reserves in 2014. The presence of
large number of unexplored hydrocarbon rich reserves, in onshore basins,
coupled with the large dependency of the regional economy on the oil &
gas industry is expected have immense potential in the near future.

Further key findings from the report suggest:

The water-based segment of U.S. onshore drilling mudsindustry was
valued over USD 530million in 2016on account of growing concern
towards toxicity and biodegradation of oil-based fluids

Weighting agents dominated the U.S. OBF additives demand and accounted
for over 57% of the total revenue in 2016

Surfactants, emulsifiers, & wetting agentsegment emerged as the
fastest growing segment in synthetic mud additives market with a CAGR
of 4.8% from 2017 to 2025

Viscosifiers demand for the Permianwater-based drilling mud additives
was valued over USD 7 million in 2016 and is anticipated to witness
moderate growth over the next few years

Eagle Forde merged as the largest onshore market in 2016, accounting
for 38.3% of the total revenue share in 2016

The WBF segment in Niobrara basinis projected to witness fastest
growth over the forecast period and estimated to reach USD 43.8
million by 2025

Key players such as Schlumberger, Halliburton, Baker Hughes, Hamilton
Technologies, Anchor Drilling Fluids, Francis Drilling Fluids, and
National Oilwell Varco dominated the U.S. market over the past few
years